Foreign investments in Indian Real Estate: Blackstone, GIC, Now Canada's CPPIB and Growing...

Foreign investments in Indian Real Estate: Blackstone, GIC, Now Canada's CPPIB and Growing...

By SiliconIndia   |   Friday, November 29, 2013
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The Indian real estate sector has been prudently finding and cashing upon the submarkets of growth in the tough times. This sector has found the breath of life and growth from various subsectors which have substantially aided it to maintain its expansion spree. Along with the media, regularly reporting novel investments in the construction domain, the realty sector has been gradually rewriting the saga of developments and growth in the recent past. In the present day, the flash of updates in the news section about realty sector is swarmed with the news of foreign investments in this arena. The latest of them includes the Singapore's sovereign wealth fund GIC with Ascendas Pvt Ltd, Blackstone and now the Canada Pension Plan Investment Board (CPPIB). The above listed funds have been channelized across the residential and commercial properties in the Indian realty sector. With the expanding construction operations, infrastructure and rapid urbanization in India, the realty sector has been accentuated for its potential of returns for investors, irrespective of their native. In the last few years, there have been many instances when the Indian developers have collaborated with foreign investors and realty players. The leading builders in India are being witnessed to be stretching their arms and teaming up with international style and decor brands, in order to adorn the prevalent development practices in India. As witnessed, the international investors have sighted the Indian realty market as a key growth area and are eager to invest for a long term monetization prospect. The foreign players are encouragingly tying up with prominent construction contractors and builder groups in order to develop premium properties of world class standards. The joint venture companies formed with the collaborations of leading developers in India and around the world have projected the opportunities of growth in the Indian realty market. These collaborations are targeting the Indian metro cities for their upmarket locations and demands of residential and commercial assets. Along with the government of India mulling over the proposals to relax the norms of FDI, and the attention gained by the Indian market during the depreciation of rupee, the realty sector is expected to receive more such foreign investments in the coming future. Reassured with millions of foreign currency and collaborations with reputed global players, the future for Indian realty sector is expected to be brighter for growth and development.
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